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Why Waiting Could Cost You

November 10, 2020
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Why waiting could cost you

 Recent college graduates will be experiencing a dramatic change in their finances.

This is going to be a crucial time for students to start thinking about their financial goals and getting plans together. Whether their goals are to start saving for retirement, pay off student loans, or buy a house- a plan and guide from professionals is needed. Majority of college students don’t know where to start and wait to invest their money. Waiting could make them miss out on potentially thousands of dollars.

 Starting at age 23

$0 Starting Balance

$250 Monthly Contribution

7% Rate of Return*

$126,000 Total Contributions

$740,329 Value of IRA Account at age 65*

 Starting at age 35

$0 Starting Balance

$458.33 Monthly Contribution

7% Rate of Return*

$165,000 Total Contributions

$555,902 Value of IRA Account at age 65*

*Not Guaranteed Values

If you're a recent college graduate, a current college student, or a young person who is interested in increasing your wealth- please contact us!  We have multiple advisors here at Holvick & Associates who can help you get on a path to increase your worth and decrease your concern about your future.

Holvick & Associates

810-579-0088